Short Interest in Prime Meridian Holding (OTCMKTS:PMHG) Declines By 90.9%

Prime Meridian Holding (OTCMKTS:PMHG) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 100 shares, a drop of 90.9% from the March 15th total of 1,100 shares. Based on an average trading volume of 7,800 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Prime Meridian Stock Performance

Shares of PMHG traded up $0.00 during mid-day trading on Monday, hitting $29.00. 1,395 shares of the company’s stock were exchanged, compared to its average volume of 4,629. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.11. Prime Meridian has a fifty-two week low of $21.00 and a fifty-two week high of $30.99. The business’s 50 day moving average is $28.64 and its two-hundred day moving average is $28.05. The firm has a market capitalization of $96.60 million, a P/E ratio of 11.33 and a beta of 0.28.

Prime Meridian (OTCMKTS:PMHG) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.65 EPS for the quarter. Prime Meridian had a return on equity of 10.05% and a net margin of 16.86%.

Prime Meridian Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 7th were paid a dividend of $1.00 per share. This is a positive change from Prime Meridian’s previous annual dividend of $0.25. The ex-dividend date was Friday, February 7th. This represents a dividend yield of 3.57%. Prime Meridian’s payout ratio is 39.06%.

Prime Meridian Company Profile

Prime Meridian Holding Company operates as the bank holding company for Prime Meridian Bank that provides various consumer and commercial banking services to individuals and businesses. The company accepts various deposits, such as checking, money market, savings, term certificate of deposit, demand interest-bearing and noninterest-bearing, health savings, NOW, and escrow accounts, as well as retirement savings plans and time deposits.